WISEX Fees and Costs — Azzad Wise Capital Fund
Data updated: 2026-10-15
The net expense ratio is 0.89%: a 0.80% management fee, a 0.05% 12b-1 fee plus 0.10% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $850 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 50%.
WISEX Fees and Expenses
Annual operating expenses and sales charges of WISEX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WISEX Costs Over Time
On $10,000 invested in WISEX, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
WISEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $850
- Bought from dealers (principal trades, not a cost): $253.8M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
WISEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Charles Schwab & Co., Inc. | $850 | 100.00% |
WISEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| International Islamic Trade Finance Corp | $152.8M | 60.18% |
| Standard Chartered Bank | $32.7M | 12.90% |
| HSBC Securities (USA) Inc. | $19.0M | 7.48% |
| J.P. Morgan Securities LLC | $18.0M | 7.09% |
| Tullett Prebon | $8.6M | 3.40% |
| Barclays Capital Inc. | $7.5M | 2.94% |
| BNP Paribas Securities Corp. | $5.0M | 1.97% |
| Societe Generale | $3.9M | 1.54% |
| BCP Securities, Inc. | $3.3M | 1.29% |
| Mizuho Securities USA LLC | $3.1M | 1.22% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.